TOKYO, April 28 /PRNewswire-FirstCall/ -- Trend Micro Incorporated (TSE: 4704), a global leader in Internet content security, announced earnings results for the first quarter 2008.
Trend Micro posted consolidated net sales of 25,604 million Yen (or US $244 million, 104.88JPY = 1USD). The company posted operating income of 8,338 million Yen (or US $79 million) and net income of 4,594 million Yen (or US $43 million) for the quarter. These figures reflect 10 percent growth in net sales compared to the same period a year ago.
Despite global economic uncertainties, the company continued to see growth this quarter with positive sales growth in all regions that exceeded expectations. Sales revenues were led by a 15 percent sales revenue increase in Japan and 13 percent in Asia Pacific. This was followed by North America and Europe at 7 percent and 6 percent growth respectively. In the Latin America regions, sales increased by 2 percent.
"This quarter's accomplishments were driven, in part, by strong organic growth supplemented by targeted business development activities and partnerships such as our acquisition of Identum for email encryption, and our alliances with companies like Linksys and Crossbeam to create customizable content-security solutions," said Eva Chen, CEO. "Our focus for next quarter, as it has been for a while, will be creating in-the-cloud security solutions that are faster, smarter and lighter for our customers."
Based on information currently available to the company, consolidated net sales for the second quarter ending June 30, 2008 is expected to be 25,700 million Yen (or US $257 million, based on an exchange rate of 100JPY = 1USD). Operating income and net income are expected to be 7,100 million Yen (or US $71 million) and 4,100 million Yen (or US $41 million), respectively.
Growth rate figures are calculated from Japanese Yen results. Some discrepancy may therefore be noted in US Dollar comparisons owing to fluctuations in currency conversion rates.
First Quarter Business Highlights
Corporate
-- In February, Trend Micro announced the acquisition of UK-based
Identum, a developer of email encryption technology. Under its new
name, Trend Micro Encryption Group, the company is working to
integrate its encryption technology into existing Trend Micro
solutions.
-- In February, Trend Micro endorsed VMsafe Technology and announced
plans to build interoperable security solutions. The VMsafe APIs
allow vendors to develop advanced security products that combat the
latest generation of malware.
-- In March, Trend Micro and Linksys announced the integration of Trend
Micro(TM) ProtectLink(TM) Gateway Security into select Linksys routers
for small businesses.
-- At the end of March, Crossbeam Systems and Trend Micro announced the
Next Generation Content Gateway Solution for Messaging Security.
-- Trend Micro was 1 out of 3 security companies that received the
ProtectStar(TM) Award, given by ProtectStar Inc., an independent and
globally operating company for IT and communication security.
-- Trend Micro was named 2008 CRN Channel Champion, honored as the Top
Vendor in both the Client Security Software and Network Security
Software categories.
-- Trend Micro was ranked first place for the fourth consecutive year in
the Partner Satisfaction Survey conducted by Nikkei Solution Business.
-- Trend Micro was listed on Cape Horn Strategies 2007 Sustained Honor
Roll for its sustained profitable performance in the software
industry.
-- Trend Micro was ranked #11 within the total ranking of Japan's List of
2007 Top Companies based on the Private Sector Multi-Evaluation System
developed by Nikkei Newspaper and Nikkei Research.
New customers in the fourth quarter include:
In China - SONY China and Guandong Media Electric Appliances.
In Japan - Toshiba Corporation.
In EMEA - Eutron, Fondazione Cinema Per Roma, Sun Microsystems, Berner Group and ALPINE Bau.
In NABU - Del Monte Fresh Produce Company, Las Vegas Valley Water District and Build-A-Bear Workshop(R).
Product Awards and Recognition
-- Trend Micro Internet Security 2008, received top scores in a
comparison testing of 28 other antivirus products conducted by a
leading, independent testing organization. AV-Test.org
(http://www.av-test.org).
-- Trend Micro Network VirusWall Enforcer and Mobile Security 5.0
received Bronze awards from SearchNetworking.com 2008 Product
Leadership Awards.
-- Trend Micro InterScan Web Security Appliance 3.1 was given 5 out of 5
stars and "Best Buy" status in SC Magazine's Best Buy Review.
-- Trend Micro Internet Security 2008 was ranked #2 by ProtectStar
TestLab in a comparison test of 13 other security products.
Products and Innovation
New products Trend Micro introduced during the first quarter included the following:
-- Trend Micro Message Archiver, announced in March, helps customers
securely store and quickly access archived email; the product includes
rapid e-discovery, compliance, tamper-proof architecture and "privacy
guard."
-- Trend Micro Control Manager 5.0, also announced in March, is a unique
Web-based, multi-tier management console that offers increased
flexibility, ease-of-use and customization.
-- Trend Micro announced version updates for its 2008 consumer products:
Trend Micro(TM) Internet Security Pro, Trend Micro(TM) Internet
Security 2008 and Trend Micro(TM) AntiVirus plus AntiSpyware 2008.
The latest versions take full advantage of Windows Vista(TM) Service
Pack 1 (SP1).
-- Trend Micro(TM) ScanMail(TM) for Exchange was found by an independent
research firm to have the lowest total cost of ownership and save
businesses the most time and money.
Notice Regarding Forward-looking Statements
Certain statements that we make in this release are forward-looking statements. These forward-looking statements are based upon management's current assumptions and beliefs in light of the information currently available to it, but involve known and unknown risks and uncertainties. Many important factors could cause our actual results to differ materially from those expressed in our forward-looking statements. These factors include:
-- Difficulties in addressing new virus and other computer security
problems
-- Timing of new product introductions and lack of market acceptance for
our new products
-- The level of continuing demand for, and timing of sales of, our
existing products
-- Rapid technological change within the antivirus software industry
-- Changes in customer needs for antivirus software
-- Existing products and new product introductions by our competitors and
the pricing of those products
-- Declining prices for products and services
-- The effect of future acquisitions on our financial condition and
results of operations
-- The effect of adverse economic trends on our principal markets
-- The effect of foreign exchange fluctuations on our results of
operations
* An increase in the incidence of product returns
-- The potential lack of attractive investment targets and
-- Difficulties in successfully executing our investment strategy
We assume no obligation to update any forward-looking statements. For more details regarding risk factors relating to our future performance, please refer to our filings with the U.S. Securities and Exchange Commission.
About Trend Micro:
Trend Micro, a global leader in Internet content security, focuses on securing the exchange of digital information for businesses and consumers. A pioneer and industry vanguard, Trend Micro is advancing integrated threat management technology to protect operational continuity, personal information, and property from malware, spam, data leaks and the newest Web threats. Its flexible solutions, available in multiple form factors, are supported 24/7 by threat intelligence experts around the globe. A transnational company, with headquarters in Tokyo, Trend Micro's trusted security solutions are sold through its business partners worldwide.
Copyright (C) 2008. Trend Micro Incorporated. All rights reserved. Trend Micro and the Trend Micro t-ball logo, InterScan, NeatSuite, OfficeScan, and SecureCloud are trademarks or registered trademarks of Trend Micro, Incorporated. All other product or company names may be trademarks or registered trademarks of their owners. Trend Micro Incorporated reserves the right to make changes to this document and to the products described herein without notice.
SOURCE Trend Micro Incorporated
International News / Press Release source: PR Newswire
Copyright PR Newswire. All Rights Reserved.